ETHEKWINI NEWS FLASH
 
FOR IMMEDIATE RELEASE
 
2 JUNE 2016
 
EThekwini Municipality Welcomes Auditor-General’s Clean-Audit Findings of the City's Finances
 
EThekwini Municipality welcomes the latest audit results for municipalities which found that for the first time in history, the Municipality has achieved a clean audit report.
 
The audit report for the 2014/15 financial year was released in Pretoria yesterday, 1 June 2016, by Auditor-General Kimi Makwetu.
 
The report found that the financial statements for eThekwini Municipality were free of material misstatements. In addition there was no material of non-compliance with key legislation. The report further found that the City’s performance report was presented in a useful and reliable manner as measured against predetermined objectives in the annual performance plan.
 
The Municipality has previously received unqualified audit reports, however this changed when it aimed and worked tirelessly towards achieving the clean audit.
 
The report also found that two Municipal entities, namely uShaka Marine World and the Inkosi Albert Luthuli International Convention Centre also received clean audits. These entities also achieved clean audits the previous financial year.
 
“It is the first time since eThekwini was established in 2000, that a clean audit has been achieved. It is a historic achievement and something to be very proud of. The City has worked hard to protect the public purse and is moving with speed to delivery services to communities,” said Mayor James Nxumalo.
 
The consolidated financial performance indicators show that the Municipality is in a healthy fiscal position, which reflects the City’s strong commitment to the principles of accountability, transparency, anti-corruption, proper financial management and effective internal control systems.
 
This achievement indicates that the City’s leaders are practicing good governance and are appropriately using ratepayers’ funds.
 
A clean audit is an unqualified audit and relates to three aspects; the financial statements are free from material misstatements, there are no material findings on the annual performance report and lastly, there are no material findings on non-compliance with key legislation.
 
ENDS
Issued by eThekwini Municipality’s Head of Communications, Tozi Mthethwa.
For more information members of the media can contact Municipal spokesman Thulani Mbatha on 031 311 4820 or email: thulani.mbatha1@durban.gov.za or Princess Nkabane on 031 311 4818 or princess.nkabane@durban.gov.za
Please read this confidentiality disclaimer: http://www.durban.gov.za/Pages/edisclaimer.aspx